HBL Engineering Shares Surge over 3 % on Securing Kavach Contract from Western Railway

HBL Engineering Limited (formerly known as HBL Power Systems Limited) has been awarded a significant contract by the Western Railway under the Indian Railways’ safety initiative. The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflecting transparency and compliance with regulatory standards.

Contract Scope and Project Details

HBL Engineering has received a letter of acceptance from the Western Railway for the provision of Kavach, an indigenous automatic train protection system. 

The project encompasses implementation across 48 stations, covering a total distance of 428 kilometres. The total contract value is ₹145.83 crore, inclusive of 18% GST. The contract specifies a completion timeframe of 730 days, marking it as a substantial engineering engagement for the company.

Compliance and Regulatory Disclosures

As per the SEBI Master Circulars dated 11 November and 31 December 2024, HBL has provided detailed disclosures regarding the nature and scope of the contract. 

The order has been awarded domestically and is not a related party transaction, with no involvement or interest from the promoter or promoter group. The disclosure underscores the company’s commitment to maintaining governance standards and transparent reporting in line with SEBI regulations.

Read More: HBL Engineering Shares Surge on Securing ₹762.56 Crore Railway Kavach Orders.

HBL Engineering Share Performance 

As of May 02, 2025, at 10:42 AM, HBL Engineering share price is trading at ₹501 per share, reflecting a surge of 3.95% from the previous closing price. Over the past month, the stock has declined by 3.88%.

Conclusion

The awarding of this Kavach system contract further strengthens HBL Engineering’s position in the Indian railway safety domain. The firm’s timely disclosure and adherence to compliance frameworks reflect its integrity and operational readiness for large-scale projects.

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